Advisory Services

Fund Finance encompasses a variety of loans, extensions of credit and innovative capital structures that offer unique value to asset managers, allowing them to efficiently manage their investments and asset management business, maximizing investor liquidity and returns.

The following are common fund financing solutions that alternative asset managers seek from banks and other lenders.

  • SUBSCRIPTION FACILITY
    Secured by (i) uncalled capital commitments of investors in the fund, (ii) rights to call capital, and (iii) the bank account into which capital contributions are made.
  • NET ASSET VALUE FACILITY
    Underwriting is focused on the assets / investments of the fund.
  • HYBRID FACILITY
    Credit is extended based on the uncalled capital commitments of the fund as well as the value of the fund’s investment portfolio.
  • MANAGEMENT COMPANY FACILITY
    Credit is extended based on the management fees/cash flows received by the management company and/or particular assets.
OUR SERVICES
FFP’s advisory services allows fund sponsors to remain focused on their core investment strategies and asset management goals.

The esoteric, private and often inefficient nature of fund finance can be challenging and time-consuming for fund sponsors to navigate. Whether it’s the most complex of hybrid facilities, the simplest subscription financings, or debt capital for the fund sponsor’s platform, FFP has the track record and network to implement these facilities, start to finish.

FFP optimizes your ability to effectively finance your funds and asset management business, from concept through execution, and after closing. Our advisory services include:

Why Use Fund Financing?
  • Provide liquidity
  • Provide flexibility
  • Bridge gaps in timing of cash flows
  • Refinance debt
  • Make and leverage investments
  • Smoother fund administration
  • Meet capital call obligations
Consultation
Consult with asset manager at the outset of fund formation regarding investment and financing strategy.
Marketing
Market fund financing opportunity to traditional and non-traditional lenders, obtaining term sheets on behalf of asset managers.
Analysis
Compare term sheets, sensitize in fund model, and present qualitative and quantitative comparison checklists to asset managers.
Streamline
Streamline facility execution, thereby reducing diligence, negotiation, costs and duration.
Optimize
Optimize assets manager’s utilization of facility by providing facility abstract and supplementary materials, simplifying compliance.
OUR PRODUCTS
FFP has a proven ability to arrange the widest range of fund financing products and offer innovative asset management solutions.

Our team has collectively led the execution of over 1,000 unique fund financing transactions, represented nearly 100 separate fund sponsors and arranged availability increases as small as $10 million and committed lines over $1 billion in size.

FFP’s products and asset management expertise include:
  • Subscription / Capital Call Credit Facilities
  • NAV Loans to Private Equity, Real Estate and Credit Funds
  • Management Company Credit Facilities
  • General Partner Loan Programs
  • Hybrid Fund Financings
  • BDC and Private Credit Fund SPV Leverage Facilities 
  • Secondaries Financings
  • Continuation Fund Financings 
  • Convertible and Fixed Income Offerings
  • Product Development and SMA Mandates
  • Specialty Finance Business Capitalization

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